PALM BEACH, Fla., June 05, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The artificial intelligence (AI) infrastructure market has been expanding steadily due to the rising need for AI-driven solutions in industries including healthcare, banking, retail, manufacturing, and automotive. Because of their capacity for parallel computing, graphics processing units(GPUs) are frequently employed to accelerate artificial intelligence workloads. An increasing amount of strong artificial intelligence (AI ...

Key PointsC3.ai is an enterprise software developer offering AI products for over 8 different industries.C3.ai reported a narrower-than-expected fiscal Q4 2024 EPS loss, and revenues accelerated by 20% YoY.C3.ai is experiencing overwhelming interest in its 30 generative AI products launched in fiscal 2024. In Q4 alone, it received over 50,000 inquiries from 3,000 companies.5 stocks we like better than C3.aiEnterprise software provider C3.ai Inc. NYSE: AI is starting to see the fruits of its labor. As one of ...

C3.ai is demonstrating progress across its strategic initiatives.Fool.com contributor Parkev Tatevosian reviews C3.ai (AI -0.37%) and lets you know if long-term investors should buy the artificial intelligence company. *Stock prices used were the afternoon prices of May 31, 2024. The video was published on June 2, 2024. ...

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In the rapidly advancing field of artificial intelligence (AI), the spotlight often shines on mega-cap companies. However, beneath the dazzling headlines lie sleeper AI stocks poised to disrupt the industry and deliver significant returns to investors. As we navigate deeper into 2024, these emerging companies are not just riding the AI wave—they are creating it.As per PWC, the global AI market is projected to reach a staggering $15.7 trillion by 2030. This rapid expansion would create many companies in the ...

Is the rebound in the stock just beginning?Shares of C3.ai (AI 3.50%) have soared over 20% since the company reported its fiscal fourth-quarter earnings on May 29. The enterprise artificial intelligence (AI) software company saw strong revenue growth and issued upbeat guidance. Despite the recent gains, the stock is still down over 30% over the past year.Given the stock's recent gains, is it too late to buy the stock, or is the rebound in the stock just beginning?Strong fiscal Q4 results and guidanceFor its ...

The enterprise AI software company has ramped up spending on generative AI growth initiatives, which is hurting its bottom line.C3.ai (AI 13.63%) stock gained 8.3% in after-hours trading on Wednesday after the enterprise artificial intelligence (AI) software applications company released its fiscal 2024 fourth-quarter results. For the quarter, which ended April 30, revenue and adjusted earnings beat Wall Street's estimates, and management's top-line guidance for C3.ai's current quarter and fiscal 2025 also ...

Financial Data and Key Metrics Changes - C3.ai reported a 20% year-over-year revenue growth in Q4, reaching $86.6 million, exceeding guidance and analyst expectations [8][30] - Subscription revenue increased by 41% year-over-year to $79.9 million, accounting for 92% of total revenue [9][30] - Full-year revenue reached $310.6 million, a 16% increase from the previous year, with subscription revenue at $278.1 million, up 21% [9][30] - Non-GAAP gross profit was $60.9 million, resulting in a gross margin of 70% [9][31] - Free cash flow for the quarter was $18.8 million, with total cash, cash equivalents, and investments at $750.4 million [9][31] Business Line Data and Key Metrics Changes - The transition to pay-as-you-go consumption pricing has led to a significant increase in smaller transactions, with average total contract value (TCV) dropping from over $16 million in FY19 to $900,000 last quarter [10] - Professional services revenue was $6.7 million, representing 8% of total revenue, down from 21.5% in Q4 FY23, indicating a better mix towards subscription revenue [30] Market Data and Key Metrics Changes - C3.ai's bookings distribution for Q4 included approximately 50% from Federal, Defense, and Aerospace, 15% from Oil and Gas, and 11% from State Government [16] - The company signed 34 pilots in Q4, a 79% increase from the previous year, with a total of 172 pilots signed cumulatively [33] Company Strategy and Development Direction - C3.ai focuses exclusively on Enterprise AI applications, believing that applications will dominate the value stack as silicon and infrastructure become commoditized [11][13] - The company aims to establish a market leadership position in a potentially $1 trillion addressable software market, emphasizing long-term growth and investment [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the accelerating revenue growth, projecting a 23% increase in revenue for FY25, with Q1 guidance set at $84 million to $89 million [29] - The company anticipates continued investment in growth, particularly in sales capacity and service to support increased demand [52] Other Important Information - C3.ai launched 30 Generative AI products in FY24, receiving nearly 50,000 inquiries from businesses, indicating strong market interest [25] - The company has established a robust partner network, closing 115 agreements in the past year, a 62% increase from the prior year [23] Q&A Session Summary Question: Can you talk about the improvements in Version 8 and its sustainability? - Management indicated that Version 8 was a four-year engineering effort, resulting in a significant architectural revamp, and while performance increases are expected, they may not be as substantial in the near future [35][36] Question: What is the outlook for the Federal, Defense, and Aerospace vertical? - Management views the Federal sector as a growth engine, with significant investments and agreements in place, particularly with the Air Force and Navy [38][40] Question: How are newly converted customers ramping consumption compared to previous cohorts? - Management noted that they have not disclosed specific consumption revenue separately but expect it to ramp up meaningfully in the future [48][49] Question: What drives lower margins during the pilot phase? - Management explained that they prioritize customer success over immediate profitability during pilots, which can lead to margin degradation [64][65]

C3.ai, an enterprise artificial intelligence (AI) software company, reported strong fourth-quarter results for fiscal year 2024, exceeding both its own guidance and analysts’ expectations. The company saw its fifth consecutive quarter of accelerating revenue growth, with subscription revenue increasing 41% year-over-year.The performance comes at a time when the AI industry is experiencing rapid growth and increased attention, particularly in the field of generative AI (GenAI). C3.ai’s focus on enterprise AI ...

C3.ai, Inc. (AI) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.52%. A quarter ago, it was expected that this company would post a loss of $0.28 per share when it actually produced a loss of $0.13, delivering a surprise of 53.57%.Over the last four quarters, the company has surpassed cons ...